Share Market Highlights: With Trump signaling a delay in plans to strike Iran, markets recovered sharply on Tuesday, easing global risk concerns. The Sensex opened higher by around 1,500 points to reach 74,212.47. While the Nifty rebounded over 365.80 points to trade near 22,878.45 levels, reflecting strong early optimism. After Trump’s announcement, crude oil also corrected to around USD 110 per barrel from USD 114, offering some relief to import-dependent economies like India.
Why the Share Market is Rising Today
Correction in crude
Crude prices have moved lower from recent highs near USD 114 per barrel to around USD 110, bringing relief to energy-importing nations like India. Softer oil prices generally support markets by easing inflation worries.
Early Market Indicators
The GIFT Nifty is hovering around 22,880, pointing toward a firm start for Indian equities, with benchmarks expected to open higher. Even with positive momentum, traders are expected to stay watchful. The Nifty may face resistance near the 23,000 mark, while immediate support is placed around 22,500. Market direction through the day will largely depend on global cues and movement in crude prices.
US Markets
Indices saw a sharp sell-off initially after reports of a 48-hour ultimatum to Iran. However, sentiment improved later in the session when Donald Trump indicated a pause in possible military action, mentioning “constructive talks” with Tehran. This helped markets recover from intraday lows.
Final Closing: The S&P 500 ended the session about 0.83% higher at 6,580, while the Dow Jones Industrial Average bounced back to close near 45,577, reflecting a late surge in buying.
The Nasdaq-100 continues to face pressure and recently touched a 16-week low. Stocks like Nvidia and Microsoft showed some resilience, while Apple and Tesla have remained weak, both declining over 5% in March so far.
Asian Markets Today
Asian equities opened with gains on Tuesday, March 24, but the momentum appears fragile as the session progresses. Markets initially surged by as much as 1.7%, but some of those gains have faded. Indices like the Nikkei 225 and Hang Seng Index are still trading in positive territory, though profit-booking at higher levels is limiting upside. This comes amid reports that Iranian lawmakers are not in favor of immediate talks with the U.S. Markets across India, Japan, and South Korea remain highly sensitive to energy prices. Although crude has cooled from its peak of USD 114 per barrel to below USD 100, concerns around a potential disruption in the Strait of Hormuz continue to act as a major risk factor, keeping investors cautious.
Top Gainers Today
Among the top leading stocks is Interglobe Aviation (IndiGo), which has surged 3.33% to Rs 4,077.80, likely benefiting from the recent cool-off in global crude oil prices. Other notable gainers include Eternal, up 3.46%, and Adani Ports, showing a steady climb of 2.69% at Rs 1,338.90. Interestingly, while Asian Paints remains on the gainers’ list with a 2.87% increase, its intra-day sparkline shows some downward pressure after the initial peak, trading at Rs 2,181.40. Overall, this early morning data reflects a broad-based relief rally as investors capitalize on yesterday’s “oversold” conditions
Rupee traded weak near 93.90, down 0.36 per cent, as persistent West Asia tensions and rising crude prices continue to weigh on sentiment
Both metals have pared their recent sharp gains as the "safe-haven" demand cooled following the de-escalation news.
Nazara Technologies shares jumped after the company announced a board meeting on March 30 to discuss a fresh fundraising plan.
Sensex climbs 1400 points
IRFC is gaining momentum after signing a significant Rs 12,842 crore refinancing pact with Hindustan Urvarak and Rasayan
Brent crude futures saw a dramatic 16% drop from intraday highs, falling to around USD 96/bbl
GSP Crop Science made the stock market debut today, listing at a modest 3–4% premium over its IPO price of Rs 320.
Despite the rally, Goldman Sachs has trimmed India's FY26 GDP forecast to 5.9% (from 6.5%), citing the lingering impact of the recent energy shock.
SAIL and Sammaan Capital remain in the F&O ban for today’s session.
Union Bank of India is in focus after successfully raising Rs 3,000 crore through long-term bonds.
G R Infraprojects shares surged after receiving a Letter of Award (LOA) for a massive Rs 2,440 crore NHAI highway project in Bihar.
Suzlon Energy gained over 3% after bagging its sixth major wind energy project of 100 MW from GAIL.
The Indian Rupee is trading near 93.65 per dollar recovering from yesterday's record low of 93.97
HDFC Bank and Kotak Bank are providing the heavy lifting for the Sensex, recovering 1.5–2% as domestic funds (DIIs) continue to buy at lower levels.
Olectra Greentech and JBM Auto are rallying up to 9% following news of fresh electric bus orders.
Brent crude prices plummeted by nearly 10-11%, briefly slipping below the USD 100/bbl mark.
HDFC Bank is up over 3%, snapping a four-day losing streak. Sentiment improved after the bank appointed external law firms to investigate the recent high-profile resignation of its part-time chairman.
Acutaas Chemicals and Sasken Technologies have outperformed the broader market today, both hitting intraday highs with 7-8% gains.
InterGlobe Aviation (IndiGo) and Maruti Suzuki are seeing strong buying interest, as lower fuel costs directly boost their outlook.
India VIX is still around around 25. Due to this, many advisors are suggesting a "Sell on Rise" strategy for the broader Nifty 50 index.
Hindustan Unilever and Nestle India are being viewed with caution by some domestic brokerages due to stagnant volume growth in rural markets and rising input costs.
While some mid-caps are holding up, heavyweights like Infosys and TCS are seeing "Sell on Rise" strategies from technical analysts as they struggle to cross immediate resistance levels amid global macroeconomic uncertainty
Rallis India, Sapphire Foods, and Arvind Fashions emerged as top gainers in the pre-opening session today, showing significant buying interest despite broader market uncertainty.
Coal India is in focus after the board gave an in-principle nod to divest a 25% stake in its subsidiary, SECL.
Wipro has gained 1.25% after launching a new Innovation Lab in South Korea.
Asian Paints is currently the top Sensex gainer, up over 3%, as falling crude oil prices improve profit outlooks.
All sectoral indices are in the green. Nifty PSU Bank and Nifty Auto are the top performers, gaining nearly 2%.
The Indian Rupee has also strengthened against the US Dollar in early trade, further boosting market sentiment.
FIIs remain heavy sellers, offloading shares worth Rs 10,414 crore on March 23. This was largely countered by DIIs, who bought Rs 12,034 crore
G R Infraprojects is expected to see activity after securing a ₹2,440 crore NHAI highway project in Bihar.
HDFC Bank and ICICI Bank are under watch as they attempt to lead a recovery after Monday's sharp decline.
Ceigall India is to be in focus following a new highway project win from NHAI.
